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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $86,129 and $83,395, respectively; allowance for credit losses of $21 and $6, respectively) $ 80,085 $ 74,757
Equity securities, at estimated fair value 66 66
Mortgage loans (net of allowance for credit losses of $137 and $119, respectively) 22,475 22,877
Policy loans 938 898
Limited partnerships and limited liability companies 4,946 4,774
Short-term investments, principally at estimated fair value 574 299
Other invested assets, principally at estimated fair value (net of allowance for credit losses of $13 and $13, respectively) 4,411 2,984
Total investments 113,495 106,655
Cash and cash equivalents 3,165 3,752
Accrued investment income 1,163 868
Premiums, reinsurance and other receivables (net of allowance for credit losses of $3 and $10, respectively) 19,389 18,145
Deferred policy acquisition costs and value of business acquired 4,487 4,642
Current income tax recoverable 24 18
Deferred income tax asset 1,833 1,673
Market risk benefit assets 656 483
Other assets 302 322
Separate account assets 81,690 78,880
Total assets 226,204 215,438
Liabilities    
Future policy benefits 32,149 31,146
Policyholder account balances 80,193 72,602
Market risk benefit liabilities 10,344 10,411
Other policy-related balances 3,619 3,860
Payables for collateral under securities loaned and other transactions 3,660 4,547
Long-term and short-term debt 836 963
Other liabilities 7,772 6,515
Separate account liabilities 81,690 78,880
Total liabilities 220,263 208,924
Contingencies, Commitments and Guarantees (Note 16)
Brighthouse Life Insurance Company’s stockholder’s equity:    
Common stock, par value $25,000 per share; 4,000 shares authorized; 3,000 shares issued and outstanding 75 75
Additional paid-in capital 17,507 17,773
Retained earnings (deficit) (6,542) (5,418)
Accumulated other comprehensive income (loss) (5,114) (5,931)
Total Brighthouse Life Insurance Company’s stockholder’s equity 5,926 6,499
Noncontrolling interests 15 15
Total equity 5,941 6,514
Total liabilities and equity $ 226,204 $ 215,438